What is it about?
Life benefits from a livable temperature, accessible water, and fertile ground. Facing extreme weather, flood, drought, and famine, many people seek effective methods to care for family, community, and home now and toward the future. Financially just relations are required in Muslim ethics, therefore current people may reflect on charitable generosity toward earth’s life support systems to prevent extractive borrowing from the future.
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Why is it important?
Excessively greedy financial practices are nothing new, and in centuries past through today, usury, or extractive interest on loans, is prohibited by religious laws. Nearly all religions praise charitable generosity and condemn harming actions, therefore, ethical boundaries serve to reduce or eliminate harm to others, while focusing on serving beneficially in community. Preventing financial harm continues to be important in global Islamic, or halal, finance. Muslim environmental writers define eco-halal practices, supporting stewardship or trusteeship of global and local resources. As planetary heating intensifies extreme weather events, including excess heat projected in the region for Muslim pilgrimage, current people appear not only to borrow unjustly from future resources to sustain a living world, but to render crucial religious practices hazardous for future believers. When religious extremism and resource conflicts intensify in a warming climate, planetary heating is more than a problem of higher temperatures in degrees Celsius. Nevertheless, multi-continent, social scientific evidence affirms that generous behaviors—central to Muslim financial ethics, if applied to global eco-halal finance—enable a shift from wasteful, extractive practices to just, balanced practices, fostering ethics among people now and in the future.
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This page is a summary of: Borrowing against the Future: Is Ecological Usury Changing the Climate?, October 2024, Brill,
DOI: 10.1163/9789004681033_007.
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